Sri Lankan shares gain on financials, industrials boost

  • 5/31/2021
  • 00:00
  • 6
  • 0
  • 0
news-picture

BENGALURU, May 31 (Reuters) - Sri Lankan shares closed higher on Monday for a fourth straight session, helped by gains in financial and industrial stocks. * The CSE All-Share Index closed 0.95% higher at 7,403.44. * Conglomerates LOLC Holdings and John Keells Holdings Plc were the two biggest boosts to the index, rising 4.7% and 1.5%, respectively. * Sri Lanka has reported 183,452 total confirmed coronavirus cases and 1,441 deaths as of Monday, according to health ministry data here. * All airports in the island nation will reopen tomorrow, with the maximum number of passengers in a flight at 75, Sri Lanka’s state minister of aviation said on Monday. * Meanwhile, Sri Lanka’s consumer prices rose 1.1% month-over-month in May, after a 0.1% fall in April, according to data from the statistics department. * Separately, ratings agency S&P Global Ratings affirmed Sri Lanka at ‘CCC+/C’, and said while the economy is likely to expand modestly this year, uncertainty over the evolution of the COVID-19 pandemic threatens the recovery. * Trading volumes fell to 119.6 million from 147.7 million in the previous session. * Foreign investors were net sellers in the equity market, offloading shares worth 425.6 million rupees ($2.16 million), according to exchange data. * Equity market turnover was 3.34 billion rupees, exchange data showed. * For a report on global markets, click * For a report on major currencies, click $1 = 197.0000 Sri Lankan rupees Reporting by Anuron Kumar Mitra in Bengaluru and Waruna Karunatilake in Colombo; Editing by Devika Syamnath Our Standards: The Thomson Reuters Trust Principles.

مشاركة :